In response to:

Greed

dhutchinson25 Wrote: Oct 24, 2012 7:42 AM
I agree, the free market is often far from free! Often the loudest complainers are those who gain from a cozy niche. Take the absurd requirement that the purchase of a house requires "title insurance". Not for the benefit of the buyer but for the bank, In Massachestts this is mandated by law @ 1"3% of the purchase price. With computerized records of titles and propert liens, there is no justification. Take also the phony claim that Reverse Mortgages are " Govenmental insured". Maybe so but the beneficiary is the bank, not the home owner. Why must I get an expensive audiologist in some states in order to buy a hearing aid - and double the price?
NewJAl Wrote: Oct 24, 2012 8:09 AM
These should all be eroded away, as much as possible. I agree with Stossel that legislators should be commended for the laws they took off the books and not for the layers of law they add. Used to be the Liberals were complaining about these weights upon us, but they are more and more for rules and control. Not too Liberal.
They are protecting the ignorant, who have never paid attention to Caveat emptar(however that's spelled).
I react, anytime I hear somebody say 'There oughta be a Law'.
On TV, my Fox colleague Bill O'Reilly says, "The recession was brought on largely by greedy Wall Street corporations."

Give me a break.

Bill's smart. If he believes such things, we who care about freedom have done a poor job communicating economics.

Blaming problems on "greed" is a mindless cliche.

Yes, Wall Street was greedy -- but that's nothing new. Greed is a constant. Did you ever turn down a raise? We need a free market because it restrains greed. Laws against theft and fraud help, but competition does more. With this election approaching, and statist, eager-to-regulate candidates in ascent, we...